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Question
Which one of the following modes of entry brings the firm closer to international markets?
Which one of the following modes of entry brings the firm closer to international markets?
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Solution
The correct option is D Joint Venture
In joint venture, both foreign and local entrepreneurs jointly form a new enterprise. The foreign company benefits from a local partner's knowledge of the host countries regarding the competitive conditions, language, political systems, culture and business system, thus bringing the firm closer to the international markets.
In joint venture, both foreign and local entrepreneurs jointly form a new enterprise. The foreign company benefits from a local partner's knowledge of the host countries regarding the competitive conditions, language, political systems, culture and business system, thus bringing the firm closer to the international markets.
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